Telford Centre performance accelerates into the final quarter

Telford Centre heads into the final quarter of 2024 with continued footfall growth on the back of 188,000 sq ft of leasing activity so far this year. 

Welcoming a raft of new names including Sostrene Grene, Footlocker, Wingers, Umami and Lovisa, Telford Centre continues to reinforce its position as a regional shopping and leisure destination, with the Southern Quarter of the Centre now fully let.

Affordable luxury retailer Rituals is the latest name to join the expanding retailer lineup with their new store scheduled to open on the 28th September.

With further new names set to be announced over the final quarter, Telford Centre continues to place a number of its competitors in the shade.

Telford Centre’s stand out performance demonstrates its growing appeal to both retail and leisure operators as well as retail and leisure shoppers.  Summer Holiday performance exceeded expectations with the Centre welcoming over 1.8m footfall, averaging 3.3% daily growth year on year. 

Such performance reflects year to date growth with almost 15m footfall over the past 52 weeks, 3.9% up year on year.

This strength of footfall and tenant mix continues to reinforce retail and leisure operator confidence in the scheme. With 14 new long-term leases, 29 lease renewals & extensions completed so far this year and 9 deals still in solicitors hands Glynn Morrow, Centre Manager is confident momentum will be maintained.

Glynn commented “It’s great to see that Telford Centre continues to thrive. Thanks to continued investment, we now have over 170 stores and our success reflects the strength of that offer, convenient location, and its growing appeal across the region with even more brands scheduled to open over the coming months. We have been consistently outperforming our major competitors for some time and believe that 2024 will be another stand-out year”